Your company had net income of $115,000 for the year just ended.Dividends of $67,750 were paid on

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Your company had net income of $115,000 for the year just ended.Dividends of $67,750 were paid on the company's beginning equity of $1,265,000.If the company has 88,000 common shares outstanding with a current market price of $10.75 per share, what is the required rate of return on the shares assuming a constant sustainable growth rate of dividends?

Posted Date: May 18, 2024 03:06 PM

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Your company had net income of $115,000 for the year just ended.Dividends of $67,750 were paid on

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